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Melaka receives record RM4.4 bil investments in 2014

Melaka receives record RM4.4 bil investments in 2014

Chief Minister Idris Haron said figures released by
the Malaysian Investment Development Authority (Mida) showed domestic
investments accounted for RM2.6 billion, or 59.1%, while foreign
investments totalled RM1.8 billion, or 40.9%.

“It was indeed a satisfactory year for Melaka as it
achieved its best investment figure so far. It was comparable to 1995 when
Petronas set up their oil refinery in Sungai Udang.

“We targeted RM5 billion for the whole of 2014 and
another RM5 billion investments for this year,” he told reporters after
closing the “Grow with Us” seminar organised by Mida and Malaysian
Investment Development Finance Bhd (MIDF) here today.

Over 150 participants, from the food, transport as
well as the electrical and electronics sectors, attended the one-day

Idris said the investments were mainly in
electronics and electrical products, petroleum products including
petrochemicals, transportation, chemical products and food manufacturing.

“The state government will continue its efforts to
sustain the conducive and competitive business environment in the state,”
he said.

Idris said RM1.2 billion is already in the pipeline
when Xinyi Glass, a Chinese company, set up its manufacturing plant in
Lipat Kajang, Jasin.

“Another RM2.9 billion is expected from a local
company to establish a manufacturing plant in Telok Gong, Alor Gajah for
the transportation sector,” he said, adding the state is also looking for
more investments in the maritime sector.

17 February 2015